American Strategic Investment Co. shares are trading higher after Bellevue Capital Partners, LLC launched a tender offer for shares of the company.
Portfolio Pulse from Benzinga Newsdesk
Bellevue Capital Partners, LLC has launched a tender offer for shares of American Strategic Investment Co., causing the latter's shares to trade higher.
September 27, 2023 | 12:38 pm
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American Strategic Investment Co.'s shares are trading higher after Bellevue Capital Partners, LLC launched a tender offer for the company's shares.
Tender offers often lead to a rise in the stock price of the target company as they usually offer a premium over the current market price. In this case, Bellevue Capital Partners' tender offer for American Strategic Investment Co. has led to an increase in the latter's share price.
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